Indonesia's Q1 Car Sales Worst in 5 Years
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6 May 2020 00:54 WIB
TEMPO.CO, Jakarta - The retail car sales performed poorly in the first quarter this year. According to the Indonesian Vehicle Industry Association (Gaikindo), car sales in Q1/2020 is the lowest in five years.
From January to March, only 219,361 units of cars were sold. Sales figures also continued to drop from 81,067 units in January, 77,847 in February, to 60,447 in March.
This consecutive monthly decline is the first since 2015. Car sales tend to rise in March, which did not happen this year.
Brand holder agents said that the downtrend is due to numerous factors. The first was the New Year's Day flood in the Greater Jakarta Area. Then, situations got worst after Indonesia confirmed its first cases of Covid-19 infection at the beginning of March.
"Quarter two sales could still be affected by this pandemic," said Yusak Billy, business innovation & sales marketing director at Honda Prospect Motor (HPM),
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